inspiring young leaders in challenging times, joel fagg

Inspiring Young

Leaders

in

Challenging Times

Joel Fagg

General Manager

The Palace Hotel

&

Basingstoke Country

Hotel

Hotel Key Facts

The Palace Hotel Basingstoke Country

Hotel

• Derbyshire

• Built 1860

• Leisure base & large

event hotel

• 122 – Bedrooms

• Banqueting for 350

• Event space for 550

• Private Leisure Club

• 130 – Employees

• Hampshire

• Built 1980

• Corporate and MICE Hotel

• 100 – Bedrooms

• Banqueting for 180

• Event space for 440

• Private Leisure Club

• 105 – Employees

Successful leaders have to

change with the times

26 Years

Leaders Face Challenges

Successful Leaders Grow Business

Be A Follower

Try Leading

Modern Day General Manager

• Business leader

• The hotel is run as your own

• Strategic

• Have to be close to everything

– Sales

– Revenue

– Financial

– Operations

– Health & Safety

– People

– Business development

Your Modern Day Team Are Key

• Business culture

• Passion

• Motivation

• Dedication

• Peoples’ people

• Multi skilled

• Real world training

• Engaged

Blessing White

22%

14%15%

23%26%

People perform best when…

Challenge Trust Freedom Progress

Revenue Management

• 24/7 monitoring

• Tracking trends

– Your business

– Competitors

• Daily Revenue Maximisation Meeting

• Right reports

• Challenging decisions

• Standing out from competitors

• Incentives

• Modern approach

• Try new things

Systems

• Revenue

– Travel Click = Hourly

– STR = Daily

– Booking channel = Daily

• Financial

– Procure Wizard = Purchasing

– SAP = Accounts

– Fourth = Payroll

• Internet

– Data

– Competition information

• Reports

Changed Clients

Business & leisure both want Bookings channels

• Value for money

• Offer

• Comparison

• Online

• Top of listings

= Daily updates

• Agents & 3rd parties

Feedback Social Media

• No paper comment cards

• Online surveys• Trip Advisor

• New clients & offers

• Bookings

• Feedback

Do I dare to disturb the

Universe?